Injective Protocol is a cryptocurrency and blockchain project that aims to create a decentralized and fully interoperable ecosystem for decentralized finance (DeFi) and decentralized exchanges (DEXs).
Injective Protocol seeks to enable users to trade a wide range of assets, including cryptocurrencies, stocks, commodities, and more, while maintaining the security and decentralization associated with blockchain technology.
Its Decentralized Exchange (DEX) provides a decentralized exchange that enables users to trade a variety of assets. The platform offers a range of advanced trading features, including perpetual swaps, spot markets, and other derivatives.
Injective Protocol operates as a Layer-2 scaling solution, which means it can provide high throughput and lower transaction costs compared to some Layer-1 blockchains like Ethereum.
INJ token
INJ is the native utility token of the Injective Protocol ecosystem. Users can stake INJ tokens to participate in network governance and earn rewards.
Also, INJ tokens may be used to pay trading fees, transaction fees, and other fees within the platform.
INJ token holders have governance rights within the Injective Protocol ecosystem, allowing them to participate in decision-making processes related to protocol upgrades and changes.
Source: https://coinidol.com/injective-protocol-inj-token/